The cryptocurrency industry is evolving rapidly, and these startups are at the forefront of this revolution.
The cryptocurrency industry has been growing at an exponential rate, and startups in the sector are booming. These startups are solving real-world problems, ranging from enhancing privacy and security to bringing transparency and accountability to the financial system. Here are the top five crypto startups to watch in 2023.
Blockstream is a leading Bitcoin infrastructure company that aims to expand its institutional offerings and finance Bitcoin mining co-location services. In March 2023, Blockstream raised $125 million in a funding round led by Kingsway Capital and Fulgur Ventures. This investment will help Blockstream scale its operations and enhance its product offerings.
Blockstream is well-known for its Liquid Network, a sidechain that enables faster and cheaper Bitcoin transactions. The company has also developed the Blockstream Satellite, a network of satellites that broadcast Bitcoin data globally, making it accessible to anyone with a satellite dish.
With the new funding, Blockstream aims to expand its mining operations, making it more accessible and secure for institutional investors. The company also plans to develop new financial products and services that will enable greater adoption of Bitcoin and other cryptocurrencies.
QuickNode is a leading Web3 infrastructure provider that has raised $60 million in a Series B funding round, valuing the company at $800 million. The company provides an enterprise-grade infrastructure that supports the next levels of blockchain adoption. QuickNode offers Ethereum, Binance Smart Chain, and Polygon nodes that allow developers to build decentralized applications (dApps) and smart contracts on top of these blockchains.
QuickNode has seen significant growth in the past few years, with the number of nodes hosted on its platform increasing from 10,000 to over 100,000. The new funding will help QuickNode expand its infrastructure to support more blockchain networks and scale its operations.